Baron Rothschild, an 18th-century British nobleman and member of the Rothschild banking family, is credited with saying that "the time to buy is when there's blood in the streets."
The question here is who is actually have the mentality and the strength to go against the majority.
Why am i saying all these?
Ok let's see the GE stock.
On key and sales metrics, GE stock earns a solid EPS .
General Electric EPS for the quarter ending March 31, 2020 was $0.70, a 75% increase year-over-year.
General Electric EPS for the twelve months ending March 31, 2020 was $-0.32, a 84.62% decline year-over-year.
The EPS Rating shows a company's health on fundamental , and its SMR Rating reflects sales growth.
Revenue is seen shrinking 24% to $20.8 billion. Analysts on average expect GE per share to decline 34% to 43 cents in 2020, then to rebound 52% to 65 cents in 2021.
- GE posted total revenue of $20.524 billion, which represents a year-over-year decline of 8%.
On an adjusted per-share basis, the company earned 5 cents.
“The second quarter will be the first full quarter with pressure from COVID-19, and GE expects that its financial results will decline sequentially,” GE said.
As global travel screeched to a halt, General Electric’s aviation business saw revenue fall by 13% to $6.892 billion on a year-over-year basis in the quarter, with profit in the division tumbling 39% to $1.005 billion from $1.66 billion. Orders declined by 14%. The company’s power and renewable energy businesses also saw revenues decline in the quarter.
The company announced earlier this month that it was withdrawing its 2020 forecast. The company also said its cash and cash-equivalent holdings topped more than $47 billion along with a revolving debt facility of $15 billion to ride out the virus-induced downturn.
1.We have 5 completed on the weekly chart to the downside.
2.BIG on the .
3. on the monthly chart plus WITH on the monthly!
Possible long trade:
ENTRY AT 6-6.5$ AREA
STOP LOSS BELOW THE LOWS AT 4.5 AREA
FIRST TARGET AT 9.5$ AREA
SECOND TARGET AT 18-20$ AREA
RISK/REWARD RATIO AT 5,44 AT LEAST!
THANK YOU FOR YOUR TIME
HAPPY TO HELP
THE GREEK TRADER
Everyone has a lot to learn every day including me don't get me wrong.
Yes trade still holds i will personally average down if i see a 5 $ share on this one.
Believe markets are totally irrational,they were pricing GE at 22$ when the debt was 388 billions and now they have 80 billions debt and they are pricing this stock at 7$ in an environment of lowest interest rates ever,it doesn't make sense my friend..